Proportionality, equality, and duality in bankruptcy problems with nontransferable utility

B. Dietzenbacher; A. Estévez-Fernández; P. Borm; R. Hendrickx

doi:10.1007/s10479-020-03643-3

Proportionality, equality, and duality in bankruptcy problems with nontransferable utility

B. Dietzenbacher^*
, A. Estévez-Fernández
, P. Borm
, R. Hendrickx

^*Corresponding author for this work

Research output: Contribution to journal › Article › Academic › peer-review

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Abstract

This paper studies bankruptcy problems with nontransferable utility as a generalization of bankruptcy problems with monetary estate and claims. Following the theory on TU-bankruptcy, we introduce a duality notion for NTU-bankruptcy rules and derive several axiomatic characterizations of the proportional rule and the constrained relative equal awards rule.

Original language	English
Pages (from-to)	65-80
Number of pages	16
Journal	Annals of Operations Research
Volume	301
Issue number	1-2
DOIs	https://doi.org/10.1007/s10479-020-03643-3
Publication status	Published - Jun 2021

JEL classifications

c79 - Game Theory and Bargaining Theory: Other
d63 - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
d74 - "Conflict; Conflict Resolution; Alliances"

Keywords

NTU-bankruptcy
duality
proportional rule
constrained relative equal awards rule

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10.1007/s10479-020-03643-3

Full TextFinal published version, 419 KBLicence: Taverne

Cite this

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abstract = "This paper studies bankruptcy problems with nontransferable utility as a generalization of bankruptcy problems with monetary estate and claims. Following the theory on TU-bankruptcy, we introduce a duality notion for NTU-bankruptcy rules and derive several axiomatic characterizations of the proportional rule and the constrained relative equal awards rule.",

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AB - This paper studies bankruptcy problems with nontransferable utility as a generalization of bankruptcy problems with monetary estate and claims. Following the theory on TU-bankruptcy, we introduce a duality notion for NTU-bankruptcy rules and derive several axiomatic characterizations of the proportional rule and the constrained relative equal awards rule.

KW - NTU-bankruptcy

KW - duality

KW - proportional rule

KW - constrained relative equal awards rule

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DO - 10.1007/s10479-020-03643-3

M3 - Article

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JO - Annals of Operations Research

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Proportionality, equality, and duality in bankruptcy problems with nontransferable utility

Abstract

JEL classifications

Keywords

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